IRS Updates Adequate Disclosure GuidanceThe IRS has updated guidance on how to make an adequate disclosure on an income tax return for purposes of reducing or eliminating a substantial understatement penalty and/or an unreasonable position ...

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******************UPDATE ON BOGUS IRS EMAILS********************Some of our clients have contacted us about IRS "refund" emails that they have received over the last weeks. THESE ARE ALL BOGUS! The IRS will never, ever initiate contact with a taxpayer by email (it leaves a paper trail!). Please check out www.irs.gov and click on "Phishing and email scams" for more information.